The Board has considered to call 75% balance amount from warrant holders
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Regency Fincorp's board approved Q1 FY26 results showing strong growth: total revenue from operations jumped to Rs. 776.31 lakhs from Rs. 348.91 lakhs YoY (~122% growth), driven mainly by interest income of Rs. 719.20 lakhs. Profit after tax surged to Rs. 315.71 lakhs from Rs. 54.40 lakhs (~480% growth), with EPS rising to Rs. 0.45 from Rs. 0.12. The board also approved issuance of 50 unlisted, secured, redeemable NCDs worth Rs. 5 crore at a fixed 15% p.a. for a 15-month tenure, backed by receivables with 1.2x security cover. Additionally, the board decided to call the 75% balance amount on 4.33 crore convertible warrants allotted in December 2024 at Rs. 22 each; of these, 58.70 lakh warrants were already converted on 13 June 2025, bringing in Rs. 9.69 crore. No deviation in fund use was reported for the preferential issue.
The strong YoY jump in revenue and profits signals a sharp scale-up in the lending/financing business, which is positive for shareholders. The NCD raise at 15% and the warrant conversion call will boost capital available for lending but also increase interest obligations. Existing equity holders may see mild dilution if remaining warrant holders pay the balance 75%, though no immediate negative surprise is evident.